Servicing

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January 1, 1 6 min read Definitions

Servicing Mortgage Loans Mortgage Bankers Loan Management Payment Collection Default Followup Real Estate Financing

Servicing in real estate refers to the administration of a mortgage loan, encompassing activities such as billing, payment collection, and filing reports. This can also extend to loan analysis, default followup, and managing tax and insurance escrow accounts. Typically, mortgage bankers perform these tasks for a fee after the loans are sold to investors.